In the United States, the money for loans to businesses comes mainly from
a. corporate profits.
b. the federal government.
c. savings held in lending institutions.
d. state and local governments.
c
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Even though Mary's income is very low, she makes sure that she purchases enough milk for her family to drink. As her income rises, she does buy more milk. Which graph in the above figure best represents Mary's Engel curve for milk?
A) Graph A B) Graph B C) Graph C D) Graph D
Jack and Jill both decide to go to a movie with free tickets. We know that
A. the cost of going to the movie is greater for the one who had more choices to do other things. B. neither bears an opportunity cost because the tickets were free. C. both bear the same opportunity cost since they are doing the same thing. D. both bear an opportunity cost since they could have done other things instead of watching a movie